New Year rally continues as FTSE surges again and short sellers exit January 24, 2013 BRITAIN’S top share index rallied on yesterday, outperforming its global peers and extending its best start to the year since 1989, boosted by strong global economic data and deal chatter for heavyweight Vodafone. The FTSE 100 surged 62.27 points, or 1.1 per cent, to 6,264.91 points, a level not seen since May 2008, taking its [...]
Wall St inches higher despite Apple’s plunge January 24, 2013 THE smallest of gains gave the Standard & Poor’s 500 its seventh straight winning day yesterday, but the index failed to hold above the 1,500 line, restrained by Apple’s worst day in more than four years. Apple slid 12.4 per cent to $450.50 a day after it posted revenue that missed Wall Street’s forecast as [...]
Official policy of debasing sterling is selling off England by the pound January 24, 2013 ABOUT two years ago, as a member of the Monetary Policy Committee, I used the title of the classic 1970s Genesis album Selling England by the Pound to draw attention to the way in which the weakness of sterling was pushing up our inflation rate. Between mid-2007 and early 2009, sterling depreciated by over 25 [...]
Brussels and Westminster both fail to offer the public direct democracy January 24, 2013 DAVID Cameron’s promised referendum on Europe will be the first in my lifetime, which began the year after the 1975 vote to remain in the Common Market. So to me the Prime Minister’s new commitment for a vote feels like both a victory and a defeat. It is a historic decision: after more than four [...]
Incentive to work will be dampened by pension reform January 24, 2013 THE coalition received bad news this week, as figures revealed the UK added £15.4bn to its debt pile in December 2012 – up from £14.8bn in the same month in 2011. The chancellor will now be forced to ask ministers to prepare further cuts for 2014-15. But the problem is not just fiscal. It’s political. [...]
The Debate: After Apple reported disappointing profits and sales, is it doomed to relative decline? January 24, 2013 YES Julian Birkinshaw Apple’s latest results were spectacularly good by any standard – except their own. The company has been hyped up so far, and for so long, that failing to meet expectations was almost inevitable. But the real problem for Apple is that now the top has been called, the markets are looking to [...]
Letters to the editor January 24, 2013 No renegotiation [Re: Cameron’s decision to call a referendum is absolutely right, yesterday] There is no guarantee of any referendum, even in the event that David Cameron is re-elected. Francois Hollande is adamant that powers stay at EU level, and he is backed by legal precedent. EU institutions, like the European Council, are also legally bound [...]
Top schools fuel house price hike January 24, 2013 AGOOD education can cost parents more than just tuition fees. Trends show that top performing schools drive house prices in their local neighbourhoods by nearly a third more than the national average. Little wonder, then, that developers are constructing luxury schemes in these sought-after areas. Wimbledon Hill Park is going down well with parents keen [...]
Focus On: Blackheath January 24, 2013 NEED TO KNOW | AREA INSIGHT Named after the grassland that separates it from Greenwich and Lewisham, Blackheath is often described as one of the few remaining villages in the heart of London. Many refer to it as south east London’s answer to Hampstead because of its charming, green surroundings and bustling village. While it [...]
Take in the views at this Surrey manor January 24, 2013 LOCATED IN the picturesque Surrey countryside is this unique property tucked away behind the private gates of the highly sought after Wentworth Estate. The location is known for being the home of the internationally renowned Wentworth Club with its exclusive facilities and world famous golf course, and the property is equally impressive. Set on approximately [...]
